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20 special-edition Ferraris offered for Chinese market: Autoweek TV

April 10, 2012

Also in this episode: The Bahrain Grand Prix is going on as planned, used-car prices are going up, and see what happens when you drop the 5.0-liter V8 from the Lexus IS-F in the engine bay of a Toyota 86.

TRANSCRIPT

Hi, I'm Jake, and this is Autoweek TV for Wednesday

-- We'll start today with a new special edition from Ferrari.

-- Later, we have the details on Formula One's date with Bahrain.

-- And, finally, we see what's going on with used-car prices.

OK, let's get to the news.

--

Ferrari is celebrating 20 years of selling cars in China. The company has built a run of 20 special-edition 458 Italias to be sold in the country.

The special edition is painted in a new color called Marco Polo Red and wears gold dragon graphics on the hood. The wheels and winglets are gold colored, too.

The package is only for appearances, so there's no change in power or torque.

And, even though it's for China, it won't shoot fireworks from its mouth or shut down Google inexplicably during wartime.

--

The Bahrain Grand Prix is scheduled for April 22, but some teams still have doubts about the race's safety.

If you recall, the race was canceled last year because of security concerns after a series of protests and riots.

Several teams have threatened to boycott the race, but as of now, F1 boss Bernie Ecclestone says the show will go on. We'll be following this story as it continues.

--

Trade-in values of compact and midsize used cars are expected to peak over the next few weeks, according to the National Auto Dealers Association.

With gas prices rising, late-model used vehicles with low mileage will command top dollar, NADA says.

Prices for used compact and midsize cars rose 3 percent last month, but March usually brings higher prices.

Used cars depreciate about 15 percent by the end of the year. So hold off on that Yugo you've been eyeing.

--

We'll leave you today with a video of drifter Manabu Max Orido's Toyota 86. This particular 86 hides the potent 5.0-liter V8 from the Lexus IS-F.